ByteDance, Alibaba, Tencent place orders for Nvidia’s Chips
ByteDance, Alibaba Group, and Tencent Holdings collectively placed orders for Nvidia’s H20 server chips, amounting to over $16 billion in the first quarter
Demand for H20 became evident after an increase in business activity with DeepSeek, a Taiwanese startup that specializes in providing low-cost AI models. The United States banned Nvidia’s advanced chipset exports amid growing concerns that China will use them for military-esque technologies.
The U.S government additionally imposed new restrictions in October 2023, which allowed Nvidia to sell the H20 chip in China but limited the company’s options.
Nvidia’s CEO Huang expressed how it experienced little effect in the short term but is considering relocating the company to America.
According to Nvidia’s Form 10-K, China and Hong Kong are the company’s fourth-largest markets, accounting for roughly 13% of its yearly revenue, or $17.1 billion for the fiscal year 2025.
The Trump administration continued its years-long effort to keep the United States at the forefront of chips and artificial intelligence earlier this week when it announced new trade restrictions against dozens of Chinese tech companies, citing national security and foreign policy concerns.
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